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$100,000 up for grabs in nonprofit fundraising challenge

Detroit area 501(c)(3) nonprofits have a chance to compete for prizes totaling $100,000 through the RiseDetroit Challenge being funded by Phillip Fisher’s Mission Throttle and the Marjorie S. Fisher Fund.

The challenge works like this:

Nonprofits register here and, using the CrowdRise platform, fundraising teams will compete to raise the most money for their cause.

The organization that raises the most money by the end of the challenge will receive $50,000; second place will receive $20,000 and third, $10,000. An additional $20,000 will be given to nonprofits throughout the campaign through weekly bonus challenges.

Organizations that don’t win prizes keep the money they raise.

The challenge begins Sept. 15 and ends Oct. 30. The deadline for registering is Oct. 3.

“My mother (Marjorie S. Fisher) always says you start with your heart and then use your mind when giving back to the community,” said Phillip Fisher, founder of Mission Throttle and vice chairman of the Max M. & Marjorie S. Fisher Foundation, in a news release. “My hope is to find and fund innovative tools and programs that help people to do both.”

Mission Throttle is an investor-funded social impact fund designed to invest in social entrepreneurs and other social impact efforts.

CrowdRise is a fundraising platform, co-founded by CEO Robert Wolfe, founder of Madison Heights-based Moosejaw Mountaineeering.

“We’re so, so psyched to work with so many amazing organizations in Detroit,” Wolfe said in a news release. “The idea of leveraging the incredible generosity of Mission Throttle and the Fisher Family to raise a crazy amount of money for Detroit area charities is awesome.”